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India man-eating tigress killed after huge hunt
He's been through the desert
Ammonia’s big future in fuels and fertiliser
Soft plastic used in new road surface
The explosive science behind fireworks
CP Daily: Friday November 2, 2018
EU Market: Carbon surges nearly €2 in end-of-week recovery rally
FEATURE: Washington state voters take another stab at passing first US carbon tax
A Big Country 3 November 2018
Adani yet to sign royalties deal despite claiming to be close to financing mine
Exclusive: slimmed-down Carmichael plan calls into question eligibility to delay royalties payment
The Adani mining company has still not signed a royalties agreement with the Queensland government, despite its claims to be just weeks away from green-lighting the Carmichael mine.
This week, Adani’s Australian mining head, Lucas Dow, gave a series of interviews claiming the company was close to financing a slimmed-down, $2bn integrated Carmichael mine, rail and port proposal.
Analysts say the strategy is to get the mine into production while spending as little upfront cash as possible. Guardian Australia understands it relies heavily on vendor financing agreements, in which payments to contractors and suppliers are effectively withheld for several years.
Adani now insists it can start Carmichael for a fraction of the investment previously required. But Queensland government sources say the slimmed-down plan calls into question Adani’s eligibility to delay payment of royalties.
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The week in wildlife – in pictures
A Bengal tiger, oystercatchers and a new species of butterfly are among this week’s pick of images from the natural world
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